Amiel Company reported sales revenue of $20.3 million and expenses of $11.1 million in 20X1, excluding the
Question:
Amiel Company reported sales revenue of $20.3 million and expenses of $11.1 million in 20X1, excluding the results of its 80%-owned subsidiary, Talia Company. Talia had $7.0 million of sales revenue and $3.0 million of expenses in 20X1. Ignore income taxes.
Required:
Prepare Amiel’s consolidated income statement for 20X1.
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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